Stock Market Today: Fed Goes Big, Wall Street Approves
The Federal Reserve isn't messing around.
For months, America's central bank largely telegraphed a 50-basis-point increase to its benchmark interest rate for its June policy meeting. But on Wednesday, it instead met recently stepped-up expectations spurred by still-sizzling inflation prints, announcing a 75-basis-point hike to a range of 1.5% to 1.75% – the largest such bump since 1994. Stocks ultimately finished higher, with a little help from Fed Chair Jerome Powell.
"Even two weeks ago, we might have thought that a 0.75% increase was off the table, at least in the short term. But with inflation not letting
